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Canada’s Big Five banks keep moving further away from net-zero

Corporate Knights

A new report renders a damning portrait of Canada’s Big Five banks on their path to net-zero emissions by 2050. The Big Five banks have taken little voluntary action to align their business practices with their own net-zero commitments,” states the report by InfluenceMap , a global corporate research think tank based in London.

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Coastal Second Harvest Food Bank Awarded Grant From Duke Energy Foundation

3BL Media

(Second Harvest Food Bank of Central Florida issued the following news release.) April 18, 2024 /3BL/ - Second Harvest Food Bank of Central Florida recently received a $27,000 grant from Duke Energy Foundation through the Powerful Communities program. Funding expands hunger relief capabilities in central Florida ORLANDO, Fla.,

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Insights from green banking: What keeps customers from switching banks?

GreenBiz

Insights from green banking: What keeps customers from switching banks? ESG may be all the rage, but what about retail banking? The deposits you make at your retail bank for personal and business accounts sustain the bank’s ability to make loans and investments. Diane Osgood. Wed, 02/17/2021 - 00:05. is 16 years.

Banking 538
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'Climate-safe banking': New guide targets indirectly financed emissions from cash holdings

GreenBiz

New Greening Cash Action report details how firms hold 'major lever' that could ensure banks use companies' cash to support wider climate goals and accelerate the green finance transition.

Banking 478
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Green financing surges to more than $1.1 trillion at top banks

Corporate Knights

Talk of where banks do and don’t put their money doesn’t usually make the red carpet. In the fight against climate change, banks can be seen as villains – but also, depending on where they invest their money, heroes. This year, the study wrested sustainability-based data out of 87 banks participating in the U.N.-organized

Banking 318
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Central banks, financial supervisors are failing to integrate environmental risk, WWF warns

GreenBiz

A recent analysis finds obvious environmental and social risks remain unaccounted for in many countries' central banking and supervision regulation.

Banking 359
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Which banks are financing the clean energy transition?

Corporate Knights

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.

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